The market in a minute

Oliver Pursche is the Chief Executive Officer of New York-based Bruderman
Brothers, LLC a registered broker/dealer and Bruderman Asset Management, LLC, a
registered Investment Advisor overseeing over $1 billion in client assets.He is
a member of the Harvard Business Review Advisory Council and a monthly
participant in the New York Federal Reserve Bank Business Leaders Survey. As a
frequent contributor to CNBC and Fox Business and a regular columnist for Forbes
and The Wall Street Journal’s MarketWatch, he is a recognized authority on
global affairs and investment policy. He is the author of “Immigrants: The
economic force at our door.”

Stocks performed well during the shortened Thanksgiving week, gaining just over 3 3/4% and getting a boost on Friday, as it appeared that retailers' strategy to move "Black Friday" to "Black Thursday" paid off.

Investors should be warned and recall the same period in 2008, when Thanksgiving weekend retail sales were also very strong, only to fizzle out over the coming weeks.

Next Weeks' Market Moving Events:

Monday: Dallas Fed Manufacturing Survey data and weekend retail sales report will be at the forefront of investors' minds.

Tuesday: Durable Goods orders, S&P Case-Shiller Index and Consumer Confidence Reports are on tap. As deadlines loom, European politics relating to Spain and Greece will also drive market direction.

Wednesday: New Homes Sales should help confirm the housing turnaround.

Thursday: GDP data, Jobless Claims and Pending Home Sales will be reported.

Friday: Personal income and spending will be released.

The Trade: As of Friday morning there were 108 stocks within the S&P 500 with positive momentum (up from 42 a week ago), concentrated in the consumer staple and consumer discretionary sectors (note — all sectors of the S&P were higher on Friday).

With budget talks in Europe faltering, Argentina being on the brink of default, and time running out to resolve the fiscal-cliff, I recommend investors continue to rotate into the sectors with best momentum, especially if this week’s data is strong. Tech, telecom and utilities appear set to underperform again this week.

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at least 60-minutes delayed. All quotes are in local exchange time.